Syndication has closed of the $153 million debt package to fund the United Stainless Steel Company (Usco) project at Hidd, with eight banks joining the deal.
Syndication has closed of the $153 million debt package to fund the United Stainless Steel Company (Usco) project at Hidd, with eight banks joining the deal.
The lead arrangers are Commercialbank, Mashreqbank, National Bank of Abu Dhabi and National Bank of Dubai.The arrangers are Abu Dhabi Investment Company, National Bank of Kuwait, the OPEC Fund for International Development and Qatar National Bank.The tenor is 10 years. Arab Banking Corporation is the financial adviser and sole mandated lead arranger (MEED 11:8:06).You might also like...
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